3 bedrooms Townhouse in Paphos, Cyprus No. 53252

Bedrooms

110 sq.m.

Square

€ 580 000

€ 5 273 / sqm

+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

The purchase is made by an individual, not a legal entity.
The buyer is not going to rent out the acquired property.
This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.

A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

Parameters

Property Description

This project of apartments and townhouses is located in the center of Paphos and just a short walk from the sea. The apartments and townhouses will consist of 2 and 3 bedrooms. There will be a communal swimming pool and the townhouse 3 will have an option for a swimming pool for an additional cost. Other extras like floor heating, A/C wall units installation and electrical appliances are also available at an additional cost in the project.

The project is conveniently located in Paphos old town area, being in walking distance to all the amenities as well as places of interest.

The Project has EPC certificate with "B" Energy Efficiency Rating.